Willie Nelson was a huge act to sign for a tiny racetrack with a raucous reputation. The concert never happened, but an "unfriendly sheriff," the threat of "shotgun brigades" and
welcome to power lunch. i m steve liesman filling in for tyler matheson. we ll have breaking news from the federal reserve on total consumer debt and total household debt as well as debt for the whole country and what that data will show is that total debt rose by just 1.6% in the fourth quarter compared to a stronger rise of 2.9% in the third quarter. inside of that household debt fell 1.2% and businesses down even more, 3.2% and a lot of this debt from corporations is refinancing. the total debt stock in the fourth quarter declined. now what about government? state government debt rose this was one of the smaller rises, but it is a sub stooub stugz sub sugz. household net work rose by 683 billion, debt fell and it has to happen, $25 billion, inside of that household mortgage debt declined by 53 billionio upon we re making progress in getting less leverage. home equity rose for the success straight quarter to 38.1%. don t get excited about that, that number used to be 50